Baker Hughes is to acquire BJ Services in a $5.5 bn deal.
Fugro is acquiring marine EM data specialist Interaction AS and has also entered into a global cooperation agreement with Electromagnetic Geoservices (EMGS). Fugro is providing a NOK 150 million interest-bearing loan EMGS. The company also acquired General Robotics Limited (GRL), supplier of simulation and visualization software for an undisclosed sum.
Geoservices Group has acquired seismic and real-time pore pressure and rock property analysis specialist Petrospec Technologies. Mark Herkommer is now CEO of Geoservices’ Petrospec Division, reporting to Jean-Pierre Poyet, executive VP and CTO.
IHS has bought LogTech (Canada), for CA$3.3 million. The deal includes the LogArc software suite which adds a log data management solution to IHS’ offerings.
Macquarie Group has completed its acquisition of Calgary-based Tristone Capital Global.
Wood Group unit Mustang International is acquiring a majority interest in Al-Hejailan Consultants through a newly established joint venture, Mustang Al-Hejailan Engineering. The unit will provide engineering and project management services to Saudi Arabia’s oil, gas and chemicals industries.
PanGeo Subsea has secured a multi-million dollar investment to support commercialization of its acoustic imaging technology and to increase its product offerings. The investment is led by Lime Rock Partners and CTTV Investments LLC, the venture capital arm of Chevron Technology Ventures.
Chinese oil and gas automation services provider Recon Technology has announced its initial public offering of 1,700,000 ordinary shares at $6.00 per share. Shares trade under the ‘RCON’ ticker on the Nasdaq.
The French Strategic Investment Fund has acquired a 5% stake in Technip.
WellPoint Systems is to receive a minimum US$3.3 million payment from Export Development Canada in respect of an accounts receivable insurance policy covering commercial risks associated with a ‘South American customer.’
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